Copper is often called "the metal of the future" and for good reason. Its unique properties—excellent conductivity, corrosion resistance, and recyclability—make it indispensable in the technologies driving the global energy transition.
Demand Drivers:
- An average EV uses approximately 83 kg of copper, compared to 23 kg in a conventional vehicle. As EV adoption accelerates, copper demand from this sector alone is expected to grow 5x by 2030.
- Solar panels, wind turbines, and battery storage systems all require significant amounts of copper. A single wind turbine can contain up to 4.7 tonnes of copper.
- Upgrading aging electrical grids and building 5G networks requires massive copper investment.
Supply Challenges:
Copper mine production is struggling to keep pace with demand. Major producing nations like Chile and Peru face declining ore grades, water scarcity, and social/environmental challenges. New mine development takes 10-15 years from discovery to production.
Price Outlook:
Copper prices have maintained strength above $9,000/MT on the LME, with many analysts forecasting potential moves toward $12,000-15,000/MT by 2028 if supply constraints persist.
Trading Implications:
For buyers, securing reliable copper supply through trusted intermediaries is becoming increasingly important. For sellers, premium grades like Grade A cathodes and Millberry wire command strong prices.
GermanMetals connects copper buyers and sellers across key markets. Our network includes verified suppliers of cathodes, millberry, and other copper products. Contact us for current pricing and availability.